Dublin, Feb. 17, 2023 (GLOBE NEWSWIRE) -- The "Soft Contact Lens: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Soft Contact Lens estimated at US$19.7 Billion in the year 2022, is projected to reach a revised size of US$24.8 Billion by 2030, growing at a CAGR of 2.9% over the analysis period 2022-2030.
Daily, one of the segments analyzed in the report, is projected to record a 3.5% CAGR and reach US$9.4 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Weekly segment is readjusted to a revised 3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.4 Billion, While China is Forecast to Grow at 5% CAGR
The Soft Contact Lens market in the U.S. is estimated at US$5.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2030 trailing a CAGR of 5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 2.5% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.2 Billion by the year 2030.
Select Competitors (Total 46 Featured) -
- Carl Zeiss AG
- Contamac Ltd.
- CooperVision, Inc.
- Essilor International
- Ginko International Co., Ltd.
- Hoya Corporation Eye Care Company
- Johnson & Johnson
- Menicon Co., Ltd.
- Novartis AG
- Sensimed AG
- SynergEyes, Inc.
- UltraVision CLPL
- Valeant Pharmaceuticals International, Inc.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 246 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $19.7 Billion |
| Forecasted Market Value (USD) by 2030 | $24.8 Billion |
| Compound Annual Growth Rate | 2.9% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Soft Contact Lens Market: Overview & Outlook
- Soft Contact Lens - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Prevalence of Eye Disorders Steers Market Growth
- Prevalence of Cataracts & AMD
- Increased Incidence of Refractive Errors
- Growing Cases of Myopia
- Benefits Offered by Soft Contact Lens Enhance Demand
- Sophisticated Lens Models & Improved Lens Solutions Widen Addressable Market
- Evolving Role of Laser Corrective Procedures: Major Challenge
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/6ps0n0-contact?w=12
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